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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $226.77
- 8 Days on Market
- MLS # : 6152420
- Updated Date : 11/02/2020 at 09:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,980 sqft
- Baths : 3 full , 1 half
Listing Agent
The Agency
Listing Agent's Description
Conveniently located in the heart of Midtown, this brand new construction community is close to the 51 freeway and downtown Phoenix. Osborn Urban features 8 spacious units that are available for purchase or lease purchase. Thoughtfully designed with 10 ft ceilings, quartz countertops, white maple shaker cabinets with black hardware, Whirlpool stainless steel appliances and vinyl wood plank flooring. Each residence features a 2 car garage and ground level office space which may be used as a 3rd bedroom. Top floor Primary suite includes an oversized walk-in closet, double sinks, large shower and balcony. These sleek beautiful townhomes include all appliances plus washer & dryer.
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PRICE & RENT TRENDS
Neighborhood: Ashby Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ashby Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,657 |
| Property Tax | -$237 | |
| Property Insurance | -$66 | |
| HOA | -$150 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$288
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$449,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$120,985
LOAN DETAILS
$1,657
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
2.42
YEARS SAVED
$9,658
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,292
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
1443 E Osborn Road #8 Phoenix, AZ 1
- 3 beds 4 baths ∙ 1,980 Sqft ∙ Built 2020 3 beds 4 baths ∙ 1,980 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4140 N 21st Street #7 Phoenix, AZ 2
- 3 beds 3 baths ∙ 2,027 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,027 Sqft ∙ Built 2006
LEASED 08/19/20- Rent
- Rent Per SQFT
- $2,150
- $1.06
-
920 E Mitchell Drive #105 Phoenix, AZ 3
- 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008
LEASED 07/01/19- Rent
- Rent Per SQFT
- $2,450
- $1.11
-
1443 E Osborn Road #1 Phoenix, AZ 4
- 3 beds 4 baths ∙ 1,980 Sqft ∙ Built 2020 3 beds 4 baths ∙ 1,980 Sqft ∙ Built 2020
LEASED 10/21/20- Rent
- Rent Per SQFT
- $2,450
- $1.24
-
920 E Mitchell Drive #102 Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008
LEASED 06/10/20- Rent
- Rent Per SQFT
- $2,700
- $1.22
PROPERTY LISTING DETAILS
The Agency
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6152420
Last Updated: 11/02/2020
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
